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1928 & 1948 Agler Road, Columbus, OH 43224

JH
KY, OH
Affordable Realty Services, LLC
Listed by Affordable Realty Services, LLC
$1,950,000
25 days on market
Updated 25 days ago
Opportunity zone

Northern Court Apartments

Details
APN 010076511
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,795
Units 23
Occupancy 90%
Tenancy Multi
Rent Bumps Yes
Year Built 1988
Year Renovated 2025
Buildings 2
Acreage 0.540
Zoning Apartments
Investment Type Stabilized

Multifamily | 23 Units

Marketing description

Northern Court Apartments presents an exceptional opportunity to acquire a recently renovated, fully occupied 23-unit multifamily asset in the rapidly developing North Linden neighborhood of Columbus, Ohio. Combining immediate in-place cash flow with clear operational upside, this property is ideally suited for investors seeking stable returns, long-term appreciation, and future rent growth in one of Columbus’s emerging rental corridors.

The property is comprised entirely of spacious 2-bedroom, 1-bathroom apartment homes, each offering more than 1,000 square feet of living space. These oversized floorplans continue to be highly desirable among tenants’ seeking affordability without sacrificing comfort and functionality. Approximately 90% of the units have already undergone renovations, significantly reducing near-term capital expenditure requirements for new ownership. Renovated units feature updated interiors and modern finishes designed to attract and retain quality residents.

The remaining units provide a clear and attainable value-add opportunity through light cosmetic improvements and continued rent optimization. Current ownership has established a strong operational foundation, allowing future investors to focus on maximizing revenue growth and improving overall asset performance.

Northern Court is a CMHA-approved property, supporting reliable occupancy and consistent collections while expanding the available tenant pool. The property also benefits from no gas service, helping simplify maintenance responsibilities and utility management. Existing professional property management is already in place, offering a seamless transition for both local and out-of-state investors seeking turnkey ownership.

Investment Highlights:

• Fully occupied 23-unit multifamily community

• Large 2BR / 1BA floorplans exceeding 1,000 SF

• Approximately 90% renovated with major capex completed

• Strong value-add potential through rent growth

• CMHA-approved for stable occupancy and income

• No gas service reduces operational complexity

• Professional management currently in place

• Located near major employers, highways, and retail amenities

Positioned in a high-demand rental market with continued neighborhood investment and economic growth, Northern Court Apartments represents a rare opportunity to acquire a stabilized asset with meaningful upside in the Columbus multifamily market.

Investment highlights

  • Combining immediate in-place cash flow with clear operational upside
  • Ideally suited for investors seeking stable returns, long-term appreciation, and future rent growth
  • Comprised entirely of spacious 2-bedroom, 1-bathroom apartment homes, each offering more than 1,000 square feet of living space
  • Substantial renovations completed in 2025, encompassing major mechanical updates, structural improvements, and modernized unit interiors
  • Renovated units feature updated interiors and modern finishes designed to attract and retain quality residents
  • Comprehensive capital investment has positioned the asset for consistent performance while significantly reducing near-term capital expenditure requirements

Listing Contacts

JH
KY, OH
Affordable Realty Services, LLC
Listed by Affordable Realty Services, LLC

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